Petmin - Withdrawal of Cautionary Announcement

Petmin - Withdrawal of Cautionary Announcement                                  
Petmin Limited                                                                  
(Formerly Petra Mining Limited)                                                 
Incorporated in the Republic of South Africa                                    
Registration Number 1972/001062/06                                              
Share Code: PET          ISIN: ZAE000076014                                     
("Petmin", "the company" or "the group")                                        
WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT                                           
Shareholders are referred to the cautionary announcement dated 9 June 2006.     
Petmin wishes to announce that, based on the outcome of a comprehensive due     
diligence investigation pertaining to the transaction which envisaged inter alia
a listing of Petmin"s assets on a foreign stock exchange, Petmin has elected not
to pursue the transaction.  The cautionary in respect of the transaction is     
therefore withdrawn and caution is no longer required to be exercised by        
shareholders when dealing in their securities.                                  
Petmin"s strategy is to become a multi-commodity company through organic and    
acquisitive growth. In order to achieve this strategy, the Company requires     
access to diversified capital markets. Accordingly, Petmin has applied to the   
South African Reserve Bank for approval for a secondary listing on the          
Alternative Investment Market of the London Stock Exchange ("AIM").             
Shareholders will be advised of the outcome of the application and of the       
process that will be followed to list Petmin on AIM.                            
20 July 2007                                                                    
Johannesburg                                                                    
Sponsor and Corporate Advisor                                                   
River Group                                                                     
Date: 20/07/2006 05:05:03 PM Supplied by www.sharenet.co.za                     
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